Multi-axis suspension has several advantages over single axis system, in that it provides control of an object with precision in two or three orthogonal axes. In this report, we discuss the primary use of magnetic-bearing suspension and it's relevance to what was formally known as NASA's Annular Suspension and Pointing System (ASPS). This system is an experimental pointing system with applications for the space shuttle and the space station programs. The objectives behind this magnetic suspension research project are to provide insight to the use of the ASPS configuration, to control the solar panels of the space station. This is important to maintain the correct position of the panels in relation to the sun and orbiting space station for the continuous supply of solar energy. Since the panels are suspended, they can be aligned with minimum outside interference. The approach of using magnetic suspension technology guarantees mechanical isolation since there are no contacting surfaces. This isolation reduces vibration transmission and mechanical wear which in turn extends the life of the payload and of the carrier. It should be noted that ASPS has a high pointing accuracy along the line of 0.01 arc-second. This research will be done in a laboratory setting by incorporating five bearing stations and one motion control station. We will attempt to suspend an object of dead weight similar to that of a solar panel. The long term applications may include deep-space navigation, fire control in weapon systems, and an improved mass transit system.